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Author Question: If you have a mortgage on your house at 6 percent and the inflation rate when the mortgage was ... (Read 119 times)

Marty

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on: Jun 29, 2018
If you have a mortgage on your house at 6 percent and the inflation rate when the mortgage was acquired was 3 percent but has since increased and is now 8 percent per year; the current real interest rate is
 
  A) -2 percent per year.
  B) 8 percent per year.
  C) 6 percent per year.
  D) 0 percent per year.
  E) 14 percent per year.

Question 2

A movement from one point on a production possibilities frontier to another represents
 
  A) unemployment.
  B) a tradeoff.
  C) an advance in technology.
  D) full employment of labor but not capital.
  E) a free lunch.


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brittanywood

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Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

B


Marty

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sarah_brady415

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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